aspen insurance london

aspen insurance london
What happens when you are injured in the course of doing your work? For example, Marcel works for a small home construction company. He is working on a roofing project one day when he slips on some loose shingles and shoots himself in the foot with a nail gun.

The small company is unable to provide health insurance, and so Marcel is lucky that he has decided to buy accident insurance for themselves in the event of just such an injury.

Accident insurance is very similar to workman's compensation insurance. In fact, in some countries, companies can place their workers compensation insurance workers compensation insurance. Sometimes the coverage is even that of many other plans.

As with any insurance, generous coverage, the higher the premium for the individual. Accident insurance policies usually have a variety of elimination periods to choose from, from zero days to one year. Of course, getting ever higher premiums less the elimination period. A person is much more likely to use accident, when their removal is only one or two weeks compared to months or a year.

Another factor that determines the cost of your occupational accident insurance is the period of cover. You wish to purchase a policy that you for one year? How about for several years or until 65 years or older? As people age they are unfortunately more likely to be seriously injured in the course of their work. The reflexes are slower, joints are stiff, and the people are becoming less agile. Since it is a higher risk, the premiums are probably higher as well.

People in occupations that are usually more than dangerous, such as construction, factory work or other "blue collar" occupations are more expensive premiums than those with occupations such as banking or clerical error, because the risk of injury is so much higher. If you remember from earlier Marcel, he is much more likely to the victim, as someone who answers phones in an office for their livelihood. He is much more common to find accident to something that fits his needs.

As with any insurance, each individual examining whether the cost is worth the possibility of the accident in order to have all these factors and an informed decision.

Jason R Davidson owns and operates http://www.accidentinsurancezone.com For more information on what companies offer the best Accident Insurance take a look at our main site.